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Corona Multifamily Investment Opportunity
For Sale
$1,650,000

106 50th Ave, Corona, NY 11377

Legal 6-family building near transportation and amenities.

Property Size1,600 SF
Price / SF$1,031
Days on Market232

Property Features for 106 50th Ave

General Information

Standard status Active
Size 1,600 SF

Taxes and HOA fees

Annual Taxes $23,538
Listing Agency: Chase Global Realty Corp
Listed By: John Z. Liu CBR · License #10301223234
Source: Exprealty
Added: Jan 6 Changed: Aug 20 Last Checked: Aug 25 at 8:19AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Chase Global Realty Corp

Investment Insights

Based on property information with market context.

This is a legal 6-family, pre-war walk-up apartment building featuring one 1-bedroom unit and five 2-bedroom units. The building is well-maintained and includes new windows and doors, as well as new gas heating and hot water systems. Each unit has separate utility meters. The property is located in the center of the Corona area, offering convenient access to the #7 Train and major expressways. Nearby amenities include a supermarket, restaurant, drug store, and laundromat. Constructed with concrete and bricks, the building measures 20 feet by 80 feet. This steady rental-generating property is suitable for investors.

Key Highlights

  • Steady rental income from a legal 6‑family building (one 1‑bedroom and five 2‑bedroom units).
  • New windows, doors, gas heating, and hot water systems.
  • Separate utility meters for each unit.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Gym & Fitness Center Skin Care Clinic Nursing Home Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,785
Businesses Nearby

Demographics for 11377, NY

91,512
Population
34,928
Households
2.6
Avg Household Size
39
Median Age
33%
College-Educated
82%
High-School Grad
2.5 sq mi
ZIP Area
36,605
Density / Sq Mi
$73,292
Median Household Income
$45,978
Median Earnings
$1,802
Median Rent
$670,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Legal 6-family building near transportation and amenities.
Where is this apartment building located?
The property is located at 106 50th Ave Corona, NY.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Steady rental income from a legal 6‑family building (one 1‑bedroom and five 2‑bedroom units).; New windows, doors, gas heating, and hot water systems.; Separate utility meters for each unit.
More about this property
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